Definitely a few baggers to go before it gets anywhere close to fair value.
MOZ raised at 1.2c with a 1 for 2 free option.
Heads hit 3.4c a few days and options hit 2.0c.
Take out 1 out of every two oppies and that gave a value of 1c per option plus 3.4c per share - total value of 4.4c which was raised at 1.2c.
That's nearly a 4-bagger shortly after cash was raised.
So going off that, WKT will be 1.2c+ in the short term - sounds reasonable to me and we'll see where it goes from there.
WKT needs to and will re-rate to where it belongs (at least as high as MOZ).
We are drilling after all, and MOZ isn't up to that stage yet (just have rock chip samples), and the goods being drilled by WKT will be the same as big brother MNS's goods in the adjoining tenement which again are better than what MOZ has shown so far.
Don't get me wrong, I would love MOZ to keep flying as it's good for us too but WKT has to catch up to at least MOZ's value with what WKT has got and where it's at.
Let's see how she goes for the rest of the week.
Cheers,
GB.
edit: If I was holding MOZ, I'd be hoping that WKT drilling gets the goodies that it should as that will be great news for MOZ who will drill shortly after WKT.
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